Germany racked up one economic success after another for most of this century. But the loss of Russian natural gas due to the war in Ukraine has dealt a severe blow to its industry through higher energy costs.

For most of this century, Germany racked up one economic success after another, dominating global markets for high-end products like luxury cars and industrial machinery, selling so much to the rest of the world that half the economy ran on exports.

Jobs were plentiful, the government’s financial coffers grew as other European countries drowned in debt, and books were written about what other countries could learn from Germany.

No longer. Now, Germany is the world’s worst-performing major developed economy, with both the International Monetary Fund and European Union expecting it to shrink this year.

  • Kra@mtgzone.comEnglish
    01·
    1 year ago
    1. low birth rate. Having children is expensive, we have a lack of affordable housing and childcare for families. There should be a major focus to support families, especially academic families. The most successful people don’t reproduce, leading to a massive desrease in intelligence.
    2. mass immigration from Africa and Arab countries which don’t contribute a lot to the society but cost a lot of money and bring violence to Germany. The government does nothing against this and the people are unhappy about this, leading to increasing social tensions. Also increasing the housing problem massively
    3. not enough immigration of actual educated people from Asia or america for example. Germany is becoming more and more unattractive for those people
    4. too many uneducated people living from welfare. If you have a low paying job you may as well live from welfare. Because pay is a joke. Even for educated people, sometimes it is financially just better to live from welfare then to work in some situations.
    5. in the light of COVID, a war in Europe, mass immigration and inflation, our politics here do a lot to make life for working people even more expensive, and increase welfare instead of pressuring the people to educate themselves. Green ideology is leading the country to it’s grave. Germany thinks it can save the world climate alone by destroying its own industry, and by making everyone poor. No, we don’t need heat pumps, at least not RIGHT NOW when everyone is struggling. Cost of everything are increasing, taxes are getting more expensive, health care is more expensive, having a car to get to work is getting more expensive, energy is getting more expensive. You work and almost all the money flows towards those things. Might as well live from welfare where the state pays for energy, housing and gas
    6. not enough people in STEM, too many people study something that leads to no innovation. Innovation is essential for Germany.